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Healthcare company buys 581 BTC, adopted Bitcoin as its primary reserve asset.ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-bitcoin-treasury-strategy
2388 sats \ 15 comments \ @lpop4254 28 May 2024 bitcoin
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180 sats \ 4 replies \ @grayruby 28 May 2024
Not a large company but they do seem to be growing revenue consistently year over year so if they stick to the plan their Bitcoin buys should increase over time.
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180 sats \ 0 replies \ @030a29f333 28 May 2024
This is the biggest thing for these companies. Bitcoin likely isnt gonna save those who are dying, they need to actually have a net income.
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20 sats \ 2 replies \ @gmd 28 May 2024
pretty huge buy given their market size...
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130 sats \ 1 reply \ @grayruby 28 May 2024
Supposedly they are sitting on another 60M in cash so I expect this was a trial run and they will buy more in the future.
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130 sats \ 0 replies \ @BitcoinAbhi 28 May 2024
I totally agree with you. This was just a trail run and they will definitely buy more in future.
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53 sats \ 0 replies \ @0fje0 28 May 2024
Good to see news releases like this. They obviously don't talk about how the board came around to bitcoin, but I bet that would be an interesting story as well.
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10 sats \ 0 replies \ @Sirkay 29 May 2024
Revenue growth, saving for the raining days, good for them.
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71 sats \ 0 replies \ @falsefaucet 28 May 2024
25% pop today in a -35% year. cheat code?
we shall see
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50 sats \ 0 replies \ @Bell_curve 28 May 2024 freebie
Nasdaq-traded Semler Scientific (SMLR) Announces Bitcoin Treasury Strategy after Purchasing 581 BTC for $40 Million
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109 sats \ 0 replies \ @kilianbuhn 28 May 2024
lol, that's a lot and nobody seems to care 🧐
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33 sats \ 0 replies \ @BitcoinIsTheFuture 29 May 2024
Gradually then suddenly. It’s a cheat code
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101 sats \ 2 replies \ @nerd2ninja 28 May 2024
No they didn't, they bought an ETF which is very different. So different that it means they still don't own Bitcoin
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0 sats \ 1 reply \ @Wumbo 3 Jun 2024
Do you have a link to where it says ETF vs BTC?
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10 sats \ 0 replies \ @nerd2ninja 3 Jun 2024 freebie
No...I can get you a link that proves me wrong though...
https://ir.semlerscientific.com/static-files/caa023b3-4bc8-4b56-a475-a112cbae9355
Historical Execution
In May 2024, we purchased 581 bitcoins at an aggregate purchase price of $40 million, inclusive of fees and expenses. We purchased the bitcoin over-the-counter through a bitcoin liquidity provider. We negotiated fees related to trading commissions. We executed trades using a time-weighted average price over a prearranged time period that was expected to be low price volatility and high market liquidity to limit cost and pricing risks. In selecting our liquidity provider, we evaluated pricing, annual trading volume, security and customer service.
Custody
Our bitcoins are held offline in cold storage with a third-party provider. Digital assets like bitcoin depend on private keys to retrieve and transfer funds.
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0 sats \ 0 replies \ @Satosora 28 May 2024
Everyone start buying shares of Semler lol Its good that they do something with their reserve...but wouldnt it be better if they just make prices better so that people can afford healthcare?
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